Cheap Apartments for Rent in Monona, WI from $600 (73 Rentals)

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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600 Femrite Dr
1 Bedroom Apartments

600 Femrite Dr

600 Femrite DrMonona, WI 53716
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Madison's Best Affordable Neighborhoods

Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Monona, WI Local Guide

Cheapest Available Monona Apartments for Rent

 

The cheapest available apartment rental in Monona, WI is a 1 Bed unit found at Eagle Harbor in the Near East Side neighborhood priced from $613. Nature Valley Apartments in the Near East Side neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Monona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle Harbor1 Bedroom 1 Bathroom1BR,1BA$613
Nature Valley ApartmentsStudioStudio,1BA$895
The Life at Madison Grove1 BED 1 BATH1BR,1BA$925
Madison Mayfair Apartments1 Bedroom1BR,1BA$999
Pirate Island ApartmentsStudioStudio,1BA$1,020
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1,045
Rise-Madison1 Bed / 1 Bath1BR,1BA$1,112
Colonial Apartments1 Br1BR,1BA$1,120

Best Value Apartments for Rent in Monona, WI

As of January 27, 2026 the best value apartment in the Monona area is the $0.78 price per square foot 5910 Monona Dr Model at 5910 Monona Dr, Unit Monona Apt in the in the Pflaum Road neighborhood starting from $1,955. The second greatest value Monona apartment is the 2B/1.5bath Model at Glendale Townhomes starting at $1,785 with a $1.19 price per square foot in the Pflaum Road neighborhood. Here is today’s list of the best values for Monona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5910 Monona Dr, Unit Monona Apt5910 Monona Dr2BR,2BA$0.78
Glendale Townhomes2B/1.5bath2BR,2BA$1.19
Eagle Harbor3 Bedroom 2 Bathroom3BR,2BA$1.16
Colonial Apartments1 Br1BR,1BA$1.18
Lake Point TerraceLighthouse2BR,1.5BA$1.33
Executive East Apartments1 Bedroom/1 Bathroom1BR,1BA$1.16
914-16 N Oak St2Bedroom2BR,1BA$1.33
Mcfarland Williamstown Bay (55+)2.12BR,1BA$1.35
201 Deer Valley Rd, Unit 2201 Deer Valley Rd1BR,1BA$1.22
The Life at Madison Grove1 BED 1 BATH1BR,1BA$1.32

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI

Discover the best student housing neighborhoods for renting in Madison, Wisconsin! This guide covers apartments near the University of Wisconsin-Madison, Edgewood University, Herzing University, and Madison Area Technical College, detailing locations like Regent, Shorewood Hills, Dudgeon-Monroe, and more for your perfect college home.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Monona, WI Rentals by Map

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Monona, WI Area Reviews

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Gwen • 4+ years in Monona

June 8, 2025

Monona is a safe & quiet community close to Madison. It's 8 minutes to the Dane County Courthouse. It's secluded from city life and sits next to 2 walking parks and Lake Monona. It's a wonderful place to live.

Frequently Asked Questions about Cheap Monona Apartments

What is the Cheapest Studio apartment in Monona?

Currently the most affordable Cheap Studio Apartment in Monona is at Nature Valley Apartments listed at $895.

How much is rent for a Cheap One Bedroom Monona Apartment?

The lowest price for a Cheap One Bedroom Monona Apartment is $613 at Eagle Harbor.

What is the lowest price for a Cheap Two Bedroom Monona Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monona is starting from $738 at Eagle Harbor.

What is the most affordable Monona Three Bedroom Apartment?

The best deal on a cheap Monona Three Bedroom Apartment rental is at Madison Mayfair Apartments and starts from $1,300.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Madison

Written by: Mike Heuer

I’m Mike, your ApartmentHomeLiving.com local expert for Madison, Wisconsin. I lived and worked in Madison for several years before career opportunities took me elsewhere.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.